Pepe Coin (PEPE), a prominent meme-based cryptocurrency, is experiencing a downturn amid a broader market correction. With Bitcoin struggling below $95,000, concerns are mounting about altcoin stability. This article explores whether PEPE could face a 50% crash and analyzes key technical and on-chain metrics shaping its trajectory.
Pepe Coin Price Analysis: Bearish Signals Emerge
PEPE is currently trading at $0.00001625**, down **8%** in the past 24 hours. Its decline mirrors Bitcoin’s weakness, as BTC tests critical support at **$93,000. Analysts warn that losing this level could trigger a drop to $85,000, exacerbating pressure on altcoins like PEPE.
Key Support Levels to Watch
- Immediate Support: $0.000015
A break below this threshold may confirm a bearish trend, potentially leading to a 50% crash. - Value Area High (VAH): $0.00001450
Identified via Volume Profile, this level is the next major support if $0.000015 fails.
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On-Chain Metrics Highlight Bearish Trends
- Whale Activity Decline:
Transactions exceeding $1 million have dwindled, signaling reduced interest from large investors. - Exchange Supply Reduction:
PEPE held on exchanges is decreasing, often preceding volatility. - MVRV Ratio Nears Capitulation:
The 365-day Market Value to Realized Value (MVRV) ratio suggests PEPE is nearing oversold levels, but further drops remain possible.
Technical Outlook: Breakdown or Rebound?
- Bearish Scenario:
A breakdown below $0.000015 could trigger a **45–50% drop** toward $0.0000075. - Bullish Rebound:
Holding support might fuel a 100% rally to the 1.618 Fibonacci extension level ($0.000032).
FAQs: Pepe Coin Price Risks
1. Could PEPE crash 50%?
Yes, if Bitcoin weakens further and PEPE loses $0.000015 support.
2. What is PEPE’s critical support level?
$0.000015 is the make-or-break level for short-term stability.
3. How does Bitcoin affect PEPE’s price?
PEPE’s movements are heavily tied to Bitcoin’s performance due to market correlation.
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Conclusion: Proceed with Caution
Pepe Coin faces heightened risk amid Bitcoin’s instability. Traders should monitor $0.000015 and on-chain metrics for signs of capitulation or recovery. While a crash remains possible, strategic entry points could emerge if PEPE stabilizes.